TechFlow reports that on October 14, a new South Korean regulatory body is set to be established this month, with the approval of bitcoin ETFs as a key agenda item. The agency, temporarily named the Virtual Assets Committee, may hold its first meeting "as early as this month."
The committee will operate under the jurisdiction of South Korea's Financial Services Commission (FSC). Analysts say its establishment will help "accelerate discussions on issues such as the approval of spot bitcoin and ether ETFs." Industry insiders revealed the committee will also discuss "allowing corporate investment in virtual assets."
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